Malaysia-based offshore services firm Sapura Energy, through its drilling arm Sapura Drilling, has secured multiple contracts for drilling-related services with oil and gas companies, worth over $720 million.Sapura Drilling won two contracts…
SLB has named new chief strategy and performance officers, according to a company memo seen by Reuters, the latest steps in a larger reorganization of its global structure.Aparna Raman has been appointed chief strategy and marketing officer…
South Korea's hopes for a major oil and gas project off its east coast may not be economically feasible, according to initial drilling results, energy ministry officials said on Thursday.Recent drilling showed some signs of gas prospects but the amount was not believed to be meaningful…
U.S. oil firm Murphy Oil Corporation has made an oil discovery at the Hai Su Vang-1X exploration well in the Cuu Long Basin, offshore Vietnam.Murphy Oil’s subsidiary Murphy Cuu Long Tay Oil drilled the well at Block 15-2/17, located 40 miles offshore…
Saudi oil and gas drilling contractor ADES Holding has secured a contract with Thailand’s state-owned PTTEP for its offshore jack-up drilling rig, marking a fourth redeployment of rigs that were suspended by Saudi Aramco earlier in 2024.The contract in the Gulf of Thailand…
Flare gas recovery lies at the heart of a range of integrated, new emissions abatement technologies.The World Bank’s 2015 launch of the Zero Flaring by 2030 initiative saw flare gas recovery become a standard part of many topside production processing systems…
Idle time for a drilling rig costs about $250,000 an hour. AI is being embraced across the industry to ensure it doesn’t happen.A while back, an energy major had an unfathomable, intermittent problem with its drilling operations. It was beginning to cost big money…
India-based oil company Reliance Industries Limited has exercised an option under the previously agreed firm contract with Transocean for its Dhirubhai Deepwater KG1 drillship.Offshore drilling contractor Transocean informed that a four-well…
Sunda Energy, the AIM-quoted exploration and appraisal company focused on gas assets in Southeast Asia formerly known as Baron Oil, has entered into a non-binding Letter of Intent (LOI) with an unnamed drilling contractor for the use of its…
Canada-based oil and gas company Valeura Energy has completed an infill drilling campaign at the Jasmine field in the Gulf of Thailand, increasing the production at the field for 26% with five new wells coming onstream.Valeura drilled a five well program…
Donald Trump's transition team is putting together a wide-ranging energy package to roll out within days of his taking office that would approve export permits for new liquefied natural gas (LNG) projects and increase oil drilling off the U…
Malaysia-based Velesto Energy has signed a memorandum of understanding (MoU) with Petronas and National Oilwell Varco (NOV) to implement rig mechanized automation processes and integrate robotics into drilling operations.The MoU aims to establish…
On the back of improving conditions in the offshore rig market, Singaporean asset manager and operator Keppel has set out to secure control over 13 legacy rigs held by Rigco Holding (Asset C) as part of its plan to accelerate monetization of rigs without re-entering the offshore market…
Dolphin Drilling’s Blackford Dolphin deepwater semi-submersible rig has started its long-term exploration drilling contract with Oil India, offshore India.The rig arrived in Indian waters in October and has since completed customs clearance and client acceptance…
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